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Internet Treasure Chest
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Internet Treasure Chest
The Internet Treasure Chest is in trouble with the FTC. I have gotten a lot of emails from people who had ordered and almost all of them had been pitched a very expensive backend items, including stuff from an overpriced credit card outfit called Card Services International.
Here is part of what the FTC is saying:
Bogus Business Opportunity Claims Halted
A U.S. District Court judge has halted the deceptive claims of an operation that promised one fee, turn-key get-rich-quick Internet home-business opportunities, but tacked on requirements that cost hundreds or thousands of dollars more, and that consumers rarely recovered. At the request of the Federal Trade Commission, the judge also has ordered an asset freeze, pending a preliminary injunction hearing, to provide for consumer redress.
In May 2003, the FTC charged that End70 Corporation and its principal, Damien Zamora, used a Web site and infomercials to claim that their Internet Treasure Chest (ITC) business opportunity was very profitable and very inexpensive. Infomercials and a Web site claimed:
“Starting an Internet business can cost hundreds even thousands of dollars. But the Internet Treasure Chest will give you everything you need to start your own exciting Internet Business including your own worldwide Web site all for the unbelievable price of only $59.95;” and
“Why spend hundreds even thousands of dollars to start an Internet Business? When the Internet Treasure Chest can give you everything you need to start your own worldwide Web site . . . All for the unbelievable price of only $59.95!”
The FTC asserts that these claims are false.
For the full version of the rulling go to: http://www.ftc.gov/opa/2003/07/itc.htm
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